The Nigerian equities market Wednesday recorded its first gain of the week, as the benchmark index widened by 1.00% to 27,681.61 points, following investors’ interest in Guaranty and Zenith Bank.
Thus, the Month-to-Date return printed +0.57%, while the year-to-Date losses moderated to 11.93%.
The total volume of trades increased by 91.64% to 379.51 million units, valued at NGN5.25 billion and exchanged in 3,923 deals.
Guaranty was the most traded stock by volume and value at 98.42 million units and NGN2.83 billion.
All sector indices gained — save for the Oil & Gas (-0.19%) index — with the Banking (+2.99%), Industrial Goods (+0.94%), Insurance (+0.45%) and Consumer Goods (+0.27%) indices closing positive.
Market sentiment, as measured by market breadth, was positive (1.85x) as 24 tickers recorded gains relative to 13 losers.
On the gainers’ list, CUTIX (+10.00%) and ETI (+10.00%) recorded the largest gains, while Champion (-8.80%) and RT Briscoe (-6.90%) recorded the largest declines.